Metro area index
Home appreciation in the El Paso, TX metro area
FHFA HPI® data shows the El Paso, TX metro area's all-transactions index changed +2.3% over the year to Q2 2026, versus +1.6% for Texas and +3.0% for the U.S. That ranks 272nd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.3%
- 5-year change
- +48.0%
- Since Q1 1995
- +212%
- Metro rank (1 year)
- 272nd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
El Paso, TX vs Texas and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- El Paso, TX: 312.1
- Texas: 409.6
- United States: 391.6
Appreciation by time window
| Window | Metro | TX | U.S. | Gap vs TX | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.3% | +1.6% | +3.0% | +0.7 pts | −0.8 pts |
| 3 years | +11.5% | +6.2% | +12.9% | +5.3 pts | −1.3 pts |
| 5 years | +48.0% | +34.4% | +41.3% | +13.6 pts | +6.7 pts |
| 10 years | +87.7% | +87.1% | +93.3% | +0.6 pts | −5.6 pts |
| Since Q1 1995 | +212% | +310% | +292% | −97.6 pts | −79.5 pts |
3-digit ZIP regions in the El Paso, TX area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 799 · El Paso, TX area | TX | +2.2% | +48.0% | +213% | 100% |
| 798 · Alpine, TX area | TX | +2.9% | +43.8% | +323% | 73% |
Boom, bust, and recovery in El Paso, TX area
El Paso, TX area's index peaked in Q1 2008, fell 8.2% to its low in Q2 2012, and regained its peak in Q4 2017, about 9.8 years after the top. Today it sits +78.2% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q2 2012 | -8.2% | Q4 2017 (9.8 yrs) | +78.2% |
| TX | Q1 2009 | Q2 2011 | -4.2% | Q2 2013 (4.2 yrs) | +134% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, El Paso, TX area's index has changed +40.9% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | TX after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.6% | -2.2% | -0.8% |
| 3 years | +9.8% | +1.6% | -3.3% | +2.8% |
| 5 years | +24.0% | +19.3% | +8.3% | +13.9% |
| 10 years | +39.1% | +35.0% | +34.5% | +39.0% |
| Since Q1 1995 | +121% | +40.9% | +85.0% | +76.8% |
If you bought in the El Paso, TX area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +208% | $924,958 |
| Q2 2000 | +196% | $887,514 |
| Q2 2005 | +133% | $698,880 |
| Q2 2010 | +88.6% | $565,786 |
| Q2 2015 | +91.1% | $573,270 |
| Q2 2020 | +65.8% | $497,317 |
| Q2 2021 | +48.0% | $443,968 |
| Q2 2023 | +11.5% | $334,518 |
| Q2 2025 | +2.2% | $306,743 |
Frequently asked questions
- How much have home prices risen in the El Paso, TX area?
- FHFA HPI® data for the El Paso, TX metro area shows changes of +2.3% over one year, +48.0% over five years, and +87.7% over ten years to Q2 2026, and +212% since Q1 1995.
- Is the El Paso, TX area beating the national average?
- Over the past year the metro's index moved −0.8 pts versus the U.S.; over five years the gap is +6.7 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.